I'm looking to buy a car, and was wondering what I could expect when it comes to financing. My fico score is 650. I had one credit card that went to collections and I paid that in full 6 months ago. Since I've been monitoring my score it's been going up about 25 points a month, and I was wondering if that will continue. My gross salary is 3600 a month, and I've been working there for 6 months. My only accounts I am currently paying on are my student loans which enter repayment next month.
I'm looking to buy a used car. I'd like a 2007 or 2008 Civic, at around 16,000. I have 2000 cash to put down, plus my trade in which is estimated at around 1800.
Thanks for your help.
